KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Notable Filings and Shareholder Changes Dataprep Holdings Bhd : Shamshuri Abdul Majid, the largest shareholder, acquired 38.18 million shares (5.17% stake) on August 13, doubling his ownership to 10.11%. This acquisition made him the largest shareholder, surpassing Tan Sri Ikmal Opat Abdullah, who is also the founder of Widad Group Bhd. Shamshuri, managing director of Mizou Holdings Sdn Bhd, first became a substantial shareholder on July 10 with a 5.16% stake. His investment in Dataprep is a private one, separate from Mizou Holdings. Dataprep’s share price closed at 22 sen per share on the day of the acquisition and later settled at 21 sen, valuing the company at RM158.65 million. Country Heights Holdings Bhd : Lim Chow Sen acquired 7.25 million shares (2.42% stake) on August 13, increasing his stake to 12.59%. The largest shareholder remains Tan Sri Lee Kim Tiong, with a combined direct and indirect stake of 50.19%. Country Heights plans to seek arbitration in Singapore regardin...